šØ Major Developments
Trumpās $TRUMP Coin and Exclusive Investor Dinner
Former President Donald Trump has launched an official meme coin, $TRUMP, which has surged in value. An exclusive dinner event for top $TRUMP holders is scheduled for May 22 at his Virginia golf club. This initiative has raised ethical and legal concerns, including potential violations of federal ethics rules and the Constitutionās emoluments clause .Haliey āHawk Tuahā Welchās Crypto Controversy
Viral internet personality Haliey Welch revealed she was misled into promoting the $HAWK meme coin, which collapsed after briefly reaching a $500 million market cap. She has been cleared of legal wrongdoing but faced significant backlash and legal expenses .Teen-Targeted Meme Coin Scams
Reports highlight a surge in ārug pullā scams targeting teenagers through platforms like TikTok and Instagram. Promoters entice young investors with catchy meme coins, only to dump their holdings and crash the coinās value
š Market Highlights
š Emerging Meme Coins to Watch
Troller Cat: Launched on May 2, this stealthy feline-themed coin has seen a 133.2% increase, preparing for its sixth presale stage .
Beer 2.0: Built on Solana, this coin combines meme culture with utility, featuring a capped supply and a 48-hour presale starting May 21 .
The Last Dwarfs ($TLD): Positioned as a utility-based meme coin, $TLD offers a gamified investing platform with staking rewards and referral bonuses .
ā ļø Cautionary Tales
Argentinaās $LIBRA Scandal: President Javier Mileiās promotion of the $LIBRA meme coin led to a massive crash, resulting in $250 million in investor losses and political fallout
